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USD/ILS Analysis Today 28/11: Holds Near Lows (Chart)
(MENAFN- Daily Forex)
- The USD/ILS is near the 3.65100 mark as of this writing. Today's trading in the USD/ILS will be very light due to the U.S Thanksgiving holiday.
- Tomorrow many Israeli banking institutions are closed which also means volumes will remain light into the weekend.
- Having said this, the USD/ILS has definitely broken lower and the ability to cascade beneath the 3.70000 ratio this Monday was important.
- Next week's opening in the USD/ILS will provide opportunities to test what occurs today and tomorrow, particularly if a move outside of the current lower price range is attained.
- Moves higher in the USD/ILS that test resistance may be a good place to look for some downside.
- However, traders need to use quick hitting targets because the lack of real volume in Forex may lead to sudden reversals.

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